Car insurance premiums have been falling for three years in a row due to fierce competition between insurers. But that fall seems to come to an end in 2008. If you want to take advantage of the considerably lower rates in the coming years, you should make a direct comparison and opt for an affordable car insurance policy.
The financial advisory organization Academica is of the opinion that the end of premium decreases is approaching because insurance statistics indicate this. These figures would show that next year the break-even point will come between the reduced premiums and the claim amounts. It is then no longer profitable for insurers to lower premiums even further.
Changing very rewarding
Motor insurance premiums have fallen constantly over the past three years. Research by Lender even shows that the savings can amount to several hundred euros per year. But usually only insured persons who take out a new car insurance benefit from this benefit. Old customers often pay the ‘old’ premium. Changing insurers is therefore very rewarding.
Fewer car thefts, lower premiums
The premium reductions of the past three years are the result of increasing competition between insurers. But the insurers can also lower premiums because the number of car thefts has been steadily decreasing since 2003. In the first half of this year, 5,968 cars were stolen. In the first half of 2002, there were 11,681.
Insurance online up to 20% cheaper
Car owners who want to take advantage of premium reductions can take out the car insurance that is most advantageous for them directly online at Lender. This is not only very easy, but also extra cheap. Lender offers people who take out their car insurance online unique extra discounts. These extra discounts can go up to 20 percent. That means double benefits.